Linde plc (NASDAQ:LIN) Shares Sold by Private Trust Co. NA

Private Trust Co. NA lowered its position in Linde plc (NASDAQ:LIN) by 3.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,857 shares of the basic materials company’s stock after selling 110 shares during the quarter. Private Trust Co. NA’s holdings in Linde were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Dynasty Wealth Management LLC bought a new stake in shares of Linde in the first quarter worth $624,000. B. Riley Wealth Advisors Inc. increased its position in shares of Linde by 12.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,437 shares of the basic materials company’s stock worth $4,846,000 after purchasing an additional 1,155 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Linde by 28.7% in the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after purchasing an additional 4,479 shares in the last quarter. Beacon Capital Management LLC lifted its position in shares of Linde by 29.2% during the first quarter. Beacon Capital Management LLC now owns 429 shares of the basic materials company’s stock worth $199,000 after purchasing an additional 97 shares during the last quarter. Finally, First Western Trust Bank acquired a new position in Linde in the first quarter worth about $220,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Linde Price Performance

NASDAQ LIN opened at $455.69 on Tuesday. The company has a 50-day moving average price of $468.16 and a two-hundred day moving average price of $453.84. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The stock has a market cap of $216.98 billion, a price-to-earnings ratio of 34.60, a price-to-earnings-growth ratio of 2.91 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.63 EPS. Analysts forecast that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.22%. The ex-dividend date is Tuesday, December 3rd. Linde’s payout ratio is currently 42.22%.

Analysts Set New Price Targets

Several analysts have issued reports on LIN shares. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.